Aluminium prices recorded another gain on October 30, extending their late-month recovery as improving Chinese industrial indicators provided a supportive backdrop for the non-ferrous metals market. The latest movement comes amid a mixed demand environment, with stronger manufacturing activity and higher primary aluminium production in China contrasting with a broader slowdown in downstream purchasing. The benchmark aluminium quote reached USD 3,076.8, supported by a positive trading session. However, the recovery remains incomplete, with prices yet to return to the higher levels recorded earlier in the autumn. Aluminium rebounds from its late-October decline The daily price chart indicates a prolonged decline through June, followed by relatively stable trading and intermittent recoveries...
China's Yunnan Aluminium Co., Ltd. reported a sharp improvement in financial performance for the nine months ended September 30, 2026, with net income rising approximately 164 per cent Y-o-Y to CNY 11.6 billion (USD 1.74 billion), compared with CNY 4.39 billion (USD 660.96 million) in the corresponding period of 2025 The company's sales increased to CNY 52.61 billion (USD 7.90 billion) from CNY 44.07 billion (USD 6.62 billion) a year earlier, representing growth of approximately 19.4 per cent. The increase in net income significantly outpaced revenue growth, highlighting a substantial improvement in the company's reported earnings during the first nine months of 2026. Explore the production, demand and consumption forecasts of bauxite and alumina in our report: "Global Bauxite & Alumina...
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On Friday, February 3, Qatar Aluminium Manufacturing Company, a Qatari Public Shareholding Company, popularly known as QAMCO, announced its financial result for 2022 ended December 31, reporting a record net profit of QR919 million, up by 10.13 per cent from QR 834.5 million in 2021. The company’s basic and diluted earnings per share also rose to QR0.165 per share to QR0.150 per share. In regards to this financial performance, Mr Abdulrahman Ahmad Al-Shaibi, Chairman of the Board of Directors of QAMCO, commented: “While macroeconomic context remained uneven, we continued our focus on operational excellence, cost optimization, operational flexibility, safety & sustainability, which resulted in an excellent set of financial results. Our firm belief and commitment to HSE has successfully...
According to the Shanghai Metals Market, China's primary aluminium inventories massively increased by 113,000 tonnes on a weekly basis across eight major consumption areas, including SHFE warrants. On Thursday, February 2, the inventories totalled 104,70,00 tonnes, which in comparison with the last Monday of the previous month, January 30, escalated by 61,000 tonnes. However, the inventories in China recorded a surge of 181,000 tonnes from the same period last year. This can entirely be attributed to the reopening of the metal market after the elongated Chinese New Year Holidays. Actually, most of the downstream units will not regain full production rate until the Lantern Festival is over, leaving the prevailing trading arena for the basic traders. As SMM claims, some of the cargoes are...
A surge in demand for aluminium is augmenting the revenue accumulation of Press Metal Aluminium Holdings Bhd, giving the company the best benefits of a structural demand shift in Malaysia's economy, as was noted by the country's indigenous research lobby, RHB. A company statement said: "We expect the current supply tightness caused by the continued Russia-Ukraine war, the matured stage of the monetary cycle, and the reopening of China's economy to continue lending support to aluminium prices." RHB states that despite a subtle topline growth in Q4 2022 to 1 per cent Y-o-Y considering the linear aluminium prices, core earnings should spike to 16 per cent owing to the reducing alumina price. In January, the average alumina-to-alumina cost proportion halted at 13.8 per cent, widely retaining...
According to a recent report, the State Administration for Market Regulation (SAMR), the ministerial-level agency directly under the State Council of China, together with the Standardization Administration of the People’s Republic of China, has issued energy consumption ceilings for aluminium and alumina production per unit of product. This will come into effect from January 1, 2024. Aluminium, being an energy-intensive metal, consumes the lion’s share of power, with thermal being the dominant source. Its production process is accompanied by high energy consumption and high carbon emissions. Following China’s “dual carbon” goal (carbon peak and carbon neutrality), the country’s aluminium production capacity contracted, with constrained capacity utilization rates. SMM data showed China’s...
In a remark, the CEO and Managing Director at Alumina Ltd., Mike Ferraro, explained why the Australian Government should follow the footsteps of the US, which 12 months earlier included aluminium in the list cataloguing 50 critical metals of the nation. Mike believes Australia should act according to the memorandum laid out by the US, Canada and Europe, subtly depending on the World Bank and the International Energy Agency. He claims this would place Australia at the peak of its capacity, with the country realising the emerging need for bauxite, alumina and aluminium, increasing the possibility of clean energy transformation. "It is an opportunity the nation cannot afford to miss," Ferraro began. He further commented: "Aluminium is, and will continue to be, one of the most widely used...
National Aluminium Company Limited (NALCO) has slightly increased its aluminium ingot and aluminium products prices, with effect from February 1, in line with a slow growth rate of the LME aluminium benchmark price between January 26 and February 1. According to the new price chart revealed, NALCO has lifted its aluminium ingot price by INR 1,100 per tonne to bring it to INR 243,950-247,450 per tonne versus INR 242,850-246,350 per tonne on January 26. NALCO’s aluminium billets price has also experienced an increase of INR 1,100 per tonne reaching INR 248,400-251,050 per tonne as of February 1 versus INR 247,300-249,950 per tonne as of January 26. Aluminium wire rod price has come in at INR 248,450-252,800 per tonne, up by 0.44 per cent from INR 247,350-251,700 per tonne last week. NALCO...
On Thursday, February 2, Aluminium Bahrain B.S.C. (Alba) reported its fourth quarter and full-year 2022 financial results, announcing a sharp downfall of Q4 profit by 78 per cent year-on-year from BD181.2 million (US$481.8 million) to BD39.4 million (US$104.9 million). For the full year, Alba posted an 8 per cent fall in profit from BD451.9 million (US$1,201.8 million) to BD416.2 million (US$1,106.8 million). The company’s profit experienced a slowdown due to surging production costs caused by energy price rise and higher interest rates. The company also reported a drop in its Basic and Diluted Earnings per Share to Fils 28 for Q4 2022 from Fils 28 for the same period in 2021. Basic and Diluted Earnings per Share during 2022 stood at fils 294 versus fils 319 in 2021. Alba’s comprehensive...
LME aluminium opened at US$2,626.5 per tonne on Thursday and closed at US$2,604.5 per tonne, a decrease of US$1 per tonne or 0.04 per cent. On February 2, Thursday, the LME aluminium cash bid price slumped by US$38 per tonne or 1.45 per cent to log at US$2,572 per tonne and the LME aluminium official settlement price plunged by US$38.50 per tonne or 1.47 per cent, settling at US$2,572.50 per tonne. The aluminium price witnessed a sudden rise on February 1, again falling prey to the declining trend, the next day. The 3-month bid price and the 3-month offer price have dropped by US$35 per tonne or 1.32 per cent, officially resting at US$2,607 per tonne and US$2,609 per tonne. December 24 bid price and December 24 offer price have both halted at US$2,768 per tonne and US$2,773 per tonne on...
National Aluminium Company Limited (NALCO) has appointed Pankaj Kumar Sharma as the new Production Director of the Navratna CPSE, effective from February 1. The CMD of NALCO, Sridhar Patra, has formally lauded Shri Pankaj Sharma for taking this great responsibility as a Director (Production). He is optimistic about this incredible addition to the group and claims the joining might further solidify the authority of NALCO’s Board in the international metal market. Before accepting this new position, Pankaj Sharma was active in NMDC as the Chief General Manager at Global Exploration Centre in Raipur, alongside residing on the CEO’s chair for the Joint Venture (JV) Company NMDC-CMDC Ltd. He also was designated as the CEO of Bastar Railway Pvt. Ltd., Raipur. Pankaj Sharma earned his...
The year 2023 started with a lot of hope keeping behind the fear of the pandemic and with an anticipation that the geopolitical crisis will conclude; however, it seems challenging to happen soon. In January 2023, the aluminium industry witnessed a lot of events, out of which the most difficult was Slovakia's sole aluminium producer, Slovalco, closing its smelters after 70 years of operation. The energy crisis persists, and the primary aluminium industry in Europe is countering the challenges. AlCircle launched the "Global Aluminium Outlook 2023", which revealed that World aluminium usage, including primary and recycled metal, increased by about 1.9 per cent in 2022 and stood at 95.3 million tonnes. High inflation and the continuing threat of recession will negatively impact global...
The New South Wales Government has vouched to work together with the most emission-prone industries of the area to morph them into low-carbon facilities. This is to commemorate the milestone-worthy decision the NSW Government made to plot for total decarbonisation in the heavy industrial zones. The most esteemed participants in the drive would be non-ferrous metal manufacturer Tomago Aluminium, chemical discoverer Orica, cement maker Boral and starch-generating group Manildra. Member of the NSW legislative assembly, Mr Kean, exemplified: “We are working with industry to transform NSW into an innovative, thriving low carbon economy. Accelerating the deployment of deep decarbonisation technology will help the industry prosper in a net zero economy and open up new markets for NSW-made...
On Wednesday, February 1, Aluminium Stewardship Initiative announced it successfully certified Yunnan Hongtai New Material Co., Ltd., a subsidiary operation of China Hongqiao Group Co., Ltd., against the Performance Standard V2 (2017) Certification. Yunnan Hongtai, located in Wenshan City, is involved in research and development, production and sales of liquid aluminium and aluminium ingots products. Its smelting operations, with a design capacity of 2.03 million tonnes per year of liquid aluminium and aluminium ingot, are based on hydropower. ASI Performance Standard sets out 59 criteria under the three sustainability pillars of Environment, Social, and Governance, which address critical issues like biodiversity, labour rights, Indigenous Peoples rights, and greenhouse gas emissions. On...
According to a report on Wednesday, February 1, Rusal has started producing aluminium-scandium master alloys, the most technologically complex among melted master alloys, at its Krasnoyarsk Aluminium Smelter. Master alloy is a base metal consisting of a relatively high percentage of one or two other elements and is used to make alloys. The project, with a production capacity of over 5,000 tonnes of melted master alloys per year, needed an investment of US$7.5 million. Employees of the Rusal Engineering and Technology Centre worked hard on the project for several years. The main consumer of the product will be Rusal itself, while some will be supplied to external customers, which are major metal producers in Russia. Rusal is the largest consumer of master alloys in Russia. Earlier, the...
LME aluminium opened at US$2,641.5 per tonne on Wednesday and closed the session at US$2,605.5 per tonne, down US$42.5 per tonne or 1.6 per cent. On Wednesday, February 1, both LME aluminium cash bid price and LME aluminium official settlement price surged by US$77.5 per tonne or 3.06 per cent and 3.05 per cent to stand at US$2,610 per tonne and US$2,611 per tonne. 3-month bid price and 3-month offer price also hiked by US$68.5 per tonne or 2.66 per cent and US$70 per tonne or 2.71 per cent. December 24 bid price and December 24 offer price gained US$58 per tonne or 2.11 per cent to score at US$2,798 per tonne and US$2,803 per tonne. LME aluminium opening stock halted at 404150 tonnes. Live warrants and Cancelled warrants came in at 231125 tonnes and 173025 tonnes. LME aluminium 3-month...
Introduction Since the last part of 2022, the world has witnessed a number of developments and conflicts in the world of technology. Those had been related to the new-age technology areas known as Exponential Technologies. It started when the San Francisco headquartered & Microsoft-backed company OpenAI launched ChatGPT, an advanced Generative Progressive Transformer (GPT-4) based chatbot. Since the launch, it has disrupted not only the chatbot space but also the overall AI and the perception of the same. Globally the enthusiasts, testers, potential users, competitors and even the scientists started testing the beta version of ChatGPT, and across the board, mesmerisation was the consistent initial reaction. Of course, the free beta version had some limitations, like the training data set...
Vedanta Limited has curtailed its aluminium ingot and aluminium products prices by INR 3,500 per tonne, with effect from February 1, 2023. That brought the company’s aluminium ingot price to INR 238,500-269,000 per tonne versus INR 242,000- 272,500 per tonne on January 31. Vedanta’s aluminium wire rod price has come in at INR 246,000-253,500 per tonne as of February 1, down by INR 3,500 per tonne or 1.4 per cent from INR 249,500-257,000 per tonne on January 31. Aluminium billet price stands at INR 247,500 per tonne, with effect from February 1, in contrast to INR 251,000 per tonne a day ago. Vedanta links its aluminium ingot and aluminium products prices to the three-month futures of aluminium on the London Metal Exchange, which declined for the past three consecutive days by US$64.50 per...
Ali Al Baqali, the CEO of Aluminium Bahrain (Alba), one of the world's largest aluminium smelters ex-China, was recognized by the National Safety Council's (NSC) list for the 'CEOs Who Get It' list in 2023. Being the only Arab on the list, he was honoured for his dedication to preserving and enhancing the safety culture for Alba employees and Contractors' workers across the Company. The National Safety Council (NSC) honours executives each year who have developed their organizations' safety strategies utilizing four essential elements: risk reduction, performance assessment, safety management tools, leadership, and employee involvement. "We are Safety-minded as we have established the right balance between our top-down and the bottom-up management and the key to a strong Safety culture is...
The EU-funded HyInHeat project explores the possibility of utilizing hydrogen as a fuel source in the aluminium and steel sectors. With a budget of €24 million, the project intends to incorporate hydrogen into the high-temperature heating processes of energy-intensive sectors, with €17.7 million coming from the EU. The project's primary goal will be accomplished by redesigning, modifying, and implementing infrastructure in eight demonstrations at technical centres and manufacturing facilities, together with equipment including burners, measurement and control technologies, and infrastructure. To decarbonize the heating and melting processes used in the aluminium and steel industries, HyInHeat implements effective hydrogen combustion systems that nearly span their whole process chains....
